World Bank official says war-driven oil price hikes to slash growth for big importers
WASHINGTON: Persistent high oil prices prompted by Russia's invasion of Ukraine could cut a full percentage point off the growth of large oil-importing developing...
Biden bans Russian oil, warns of higher prices at US pumps.
WASHINGTON: President Joe Biden announced that the U.S. will ban all Russian oil imports. Toughening the toll on Russia’s economy in retaliation for its...
Russia-Ukraine war in the world’s ‘breadbasket’ threatens food supply.
BARCELONA, Spain: The Russian tanks and missiles besieging Ukraine are threatening the food supply and livelihoods of people in Europe, Africa, and Asia. Who...
FBI releases first declassified 9/11 document after Biden order
After an executive order by President Joe Biden, the FBI has released a newly declassified document. About September 11, 2001 attacks on the United...
Reliance, Google to delay India smartphone launch
Reliance Industries which is an Indian conglomerate delayed the launch of a low-cost smartphone. Which they were developing with Google in November. They cited...
U.S. Senate Democrats float stock buyback tax.
To pay the $3.5 trillion bill, Biden and congressional Democrats have been pushed to raise taxes on wealthy and corporations. But those who represent...
Toyota, Honda oppose U.S. House electric vehicle tax plan
Toyota Motor Corp and Honda Motor Co criticized a proposal by Democrats in the US House Representatives. The proposal was to give an additional...
The first direct contact between Biden and the Chinese president.
The US president spoke to the Chinese president for the first time since taking office.
Washington / Beijing: US President Joe Biden has spoken over...
GLOBAL MARKETS-Worries over economic recovery shake world stocks, US$ pares gains
As the dollar pared gains on Wednesday, Wall street sank and European stocks suffered their worst one-day rout in three weeks over the pace...
Global Sukuk issuance to stop growing for the first time in five years –...
Moody’s said on Tuesday that higher crude prices have reduced the financing needs of oil-rich Gulf governments. Due to this, Global Sukuk issuance will...
